Gymnastics Olympica Usa Inc

Charity Navigator Rating: 54%, One-Star out of Four Star rating

Gymnastics Olympica USA Inc has received a low rating of 54% from Charity Navigator, indicating significant concerns regarding its accountability and financial management. While the organization scores well for having a majority of independent board members and a solid program expense ratio, its overall score reflects serious shortcomings in financial documentation and governance policies.

The charity has no financial statements available, which contributes heavily to its low score. Additionally, it lacks essential policies, such as a conflict of interest policy and a whistleblower policy, which are crucial for transparent and responsible operations. While it does maintain board meeting minutes and has a satisfactory program expense ratio, the absence of these policies raises questions about its governance practices.

Despite some strengths, such as a strong independent board and effective program expenses, the lack of financial reporting and essential operational policies limits the organization’s credibility and effectiveness as a nonprofit. Donors may want to consider these factors before contributing.

This AI summary has been generated from information found on Charity Navigator.

Gymnastics Olympica Usa Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Gymnastics Olympica Usa Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Heare are some key statistics you may want to consider:

Executive Compensation: $374,629
Professional Fundraising Fees: $0
Other Salaries and Wages: $632,513

For more financial information, click here

Official website here: www.gousa.org